Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Ron Wood Family Resource Center (the Center) and is prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements or other reports submitted directly to the grantor agencies.
Nonmonetary assistance is reported in this Schedule at the fair value of the commodities received and disbursed. The fair value estimates are provided by the granting agency and are based on an annual calculation of wholesale per pound prices for federal commodities.
The Center has elected to use the 10% de minimis indirect cost rate.